VEN: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
VEN
Largest movements
- Cash +€387,494
up €387,494 (+2684.2%), from €14,436 to €401,930
mainly Net result for the year (+€215,982) and Other debts (+€103,512)
- Financial fixed assets -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Receivables within one year +€7,766
up €7,766 (+23.1%), from €33,671 to €41,437
of which Other amounts receivable: +€9,556
- Tangible fixed assets +€6,006
up €6,006, from €0 to €6,006
- Reserves +€115,982
up €115,982 (+218.3%), from €53,138 to €169,120
- Other debts +€103,512
up €103,512 (+501.1%), from €20,656 to €124,168
- Trade debts +€93,400
up €93,400 (+249.7%), from €37,408 to €130,808
- Current portion of long-term debt -€9,789
down €9,789 (-90.7%), from €10,789 to €1,000
- Tax, wage and social debts -€6,444
down €6,444 (-98.1%), from €6,568 to €124
- Financial income +€330,005
up €330,005, from €0 to €330,005
of which Non-recurring financial income: +€330,000
- Gross operating margin -€79,159
down €79,159, from €25,076 to -€54,083
- Taxes +€47,216
up €47,216 (+561.5%), from €8,408 to €55,624
- Financial charges +€1,092
up €1,092 (+100.4%), from €1,087 to €2,179
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €156,867 | €454,319 | +€297,452 | +189.6% |
| Fixed assets | 21/28 | €100,000 | €6,006 | -€93,994 | -94.0% |
| Tangible fixed assets | 22/27 | €0 | €6,006 | +€6,006 | |
| Furniture and vehicles | 24 | €0 | €6,006 | +€6,006 | |
| Financial fixed assets | 28 | €100,000 | €0 | -€100,000 | -100.0% |
| Current assets | 29/58 | €56,867 | €448,313 | +€391,446 | +688.3% |
| Amounts receivable within one year | 40/41 | €33,671 | €41,437 | +€7,766 | +23.1% |
| Trade receivables | 40 | €33,545 | €31,755 | -€1,790 | -5.3% |
| Other amounts receivable | 41 | €126 | €9,682 | +€9,556 | +7584.5% |
| Cash at bank and in hand | 54/58 | €14,436 | €401,930 | +€387,494 | +2684.2% |
| Deferred charges and accrued income | 490/1 | €8,760 | €4,946 | -€3,814 | -43.5% |
| Total equity and liabilities | 10/49 | €156,867 | €454,319 | +€297,452 | +189.6% |
| Equity | 10/15 | €79,338 | €195,320 | +€115,982 | +146.2% |
| Contributions | 10/11 | €26,200 | €26,200 | = | 0.0% |
| Reserves | 13 | €53,138 | €169,120 | +€115,982 | +218.3% |
| Distributable reserves | 133 | €53,138 | €169,120 | +€115,982 | +218.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €77,529 | €258,999 | +€181,469 | +234.1% |
| Amounts payable after more than one year | 17 | €1,000 | €0 | -€1,000 | -100.0% |
| Financial debts | 170/4 | €1,000 | €0 | -€1,000 | -100.0% |
| Amounts payable within one year | 42/48 | €75,420 | €256,456 | +€181,035 | +240.0% |
| Current portion of amounts payable after more than one year | 42 | €10,789 | €1,000 | -€9,789 | -90.7% |
| Financial debts | 43 | €0 | €356 | +€356 | |
| Credit institutions | 430/8 | €0 | €356 | +€356 | |
| Trade debts | 44 | €37,408 | €130,808 | +€93,400 | +249.7% |
| Suppliers | 440/4 | €37,408 | €130,808 | +€93,400 | +249.7% |
| Taxes, remuneration and social security | 45 | €6,568 | €124 | -€6,444 | -98.1% |
| Taxes | 450/3 | €6,568 | €124 | -€6,444 | -98.1% |
| Other amounts payable | 47/48 | €20,656 | €124,168 | +€103,512 | +501.1% |
| Accrued charges and deferred income | 492/3 | €1,109 | €2,543 | +€1,434 | +129.4% |
| Non-recurring operating income | 76A | - | €4,525 | +€4,525 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,043 | €1,197 | +€155 | +14.8% |
| Other operating charges | 640/8 | €1,362 | €940 | -€422 | -31.0% |
| Gross operating margin | 9900 | €25,076 | -€54,083 | -€79,159 | |
| Operating profit (loss) | 9901 | €22,671 | -€56,220 | -€78,891 | |
| Financial income | 75/76B | €0 | €330,005 | +€330,005 | |
| Recurring financial income | 75 | €0 | €5 | +€5 | |
| Non-recurring financial income | 76B | - | €330,000 | +€330,000 | |
| Financial charges | 65/66B | €1,087 | €2,179 | +€1,092 | +100.4% |
| Recurring financial charges | 65 | €1,087 | €2,179 | +€1,092 | +100.4% |
| Profit (loss) for the period before taxes | 9903 | €21,584 | €271,606 | +€250,022 | +1158.4% |
| Income taxes | 67/77 | €8,408 | €55,624 | +€47,216 | +561.5% |
| Profit (loss) for the period | 9904 | €13,176 | €215,982 | +€202,807 | +1539.2% |
| Profit (loss) for the period to be appropriated | 9905 | €13,176 | €215,982 | +€202,807 | +1539.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.